SHIBA INU ends the trading week at 0.00005092 and continues to move within the correction. The bulls just fail to seize the initiative. Moving averages indicate a bullish trend. Prices are retesting the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of the rise. As part of the SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support area near the level of 0.00005000. From where a rebound is expected again and an attempt to raise the SHIBA INU cryptocurrency with a potential target above the level of 0.00010000.
SHIBA INU Forecast and Analysis November 8 — 12, 2021
An additional signal in favor of raising the SHIB/USD quotes in the current trading week November 8 — 12, 2021 will be a test of the support line on the relative strength index (RSI), as we see, there have already been several rebounds from such a line. The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option to raise the SHIBA INU cryptocurrency in the next trading week will be a fall and a breakdown of the 0.00003505 area. This will indicate a breakdown of the support area and a continued fall in SHIB/USD quotes with a target below the level of 0.00002505. Confirmation of the rise in the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the level of 0.00010000.
SHIBA INU Forecast and Analysis November 8 — 12, 2021 suggests an attempt to test the support area near the 0.00005000 level. Then continued growth to the area above the level of 0.00010000. An additional signal in favor of the rise of SHIBA INU will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 0.00003505 area. This will indicate a continued decline in cryptocurrency with a target below 0.00002505.
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